Chunk Of Timberland Sold In U.S. South
Ontario Teachers’ Pension Plan Board’s Tamarack Timberlands LLC, an investment vehicle owned by Ontario Teachers, has assumed ownership of 870,000 acres of timberland in the U.S. South from Resource Management Service (RMS).
The large-scale timberland portfolio of high-quality loblolly pine is spread throughout the U.S. South and is third-party certified to the Sustainable Forestry Initiative standards. The timberland portfolio provides significant diversification benefits to Ontario Teachers, including diversity of locations, customers and tree age classes.
The transaction gives Tamarack Timberlands LLC full control and governance of the assets. RMS, one of the world’s largest providers of timberland investment services, will continue to act as the timberland investment manager for the asset.
The timberland will continue to be operated using best-in-class management practices to ensure the sustainability of the forest over a long-term horizon, and to preserve the ecosystems and biodiversity of the forest.
The arson-caused Tiger Island Fire in Louisiana is the state’s largest on record at 31,000 acres and was 50% contained in early September, according to news reports. The wildfire is one of almost 600 wildland fires that have burned in the state in…
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